State Board of Administration of Florida Retirement System Reduces Position in Tailored Brands Inc. (TLRD)
State Board of Administration of Florida Retirement System lowered its position in shares of Tailored Brands Inc. (NYSE:TLRD) by 2.6% during the second quarter, Holdings Channel reports. The fund owned 31,701 shares of the company’s stock after selling 854 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.07% of Tailored Brands worth $401,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Texas Permanent School Fund purchased a new stake in shares of Tailored Brands during the first quarter worth $693,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Tailored Brands during the first quarter worth $2,192,000. Ngam Advisors L.P. purchased a new stake in shares of Tailored Brands during the first quarter worth $1,178,000. TIAA CREF Investment Management LLC purchased a new stake in shares of Tailored Brands during the first quarter worth $3,290,000. Finally, Teachers Advisors Inc. purchased a new stake in shares of Tailored Brands during the first quarter worth $1,375,000.
Tailored Brands Inc. (NYSE:TLRD) traded up 4.46% during trading on Monday, hitting $16.38. 430,518 shares of the company traded hands. The firm’s market capitalization is $797.61 million. Tailored Brands Inc. has a 12-month low of $9.95 and a 12-month high of $44.68. The stock has a 50-day moving average price of $15.28 and a 200-day moving average price of $14.82.
Tailored Brands (NYSE:TLRD) last announced its earnings results on Wednesday, September 7th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.06. Tailored Brands had a positive return on equity of 40.50% and a negative net margin of 30.86%. The business had revenue of $909 million for the quarter, compared to analysts’ expectations of $890.14 million. During the same period in the prior year, the business posted $1.07 earnings per share. The firm’s revenue was down 1.1% on a year-over-year basis. Equities analysts expect that Tailored Brands Inc. will post $1.70 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Tuesday, December 13th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.42%. The ex-dividend date is Friday, December 9th. Tailored Brands’s payout ratio is presently -3.29%.
Several brokerages have commented on TLRD. Wunderlich began coverage on shares of Tailored Brands in a report on Tuesday, August 2nd. They set a “buy” rating and a $20.00 target price on the stock. Zacks Investment Research upgraded shares of Tailored Brands from a “sell” rating to a “hold” rating in a report on Friday, September 9th. Mizuho raised their target price on shares of Tailored Brands from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, September 8th. Stifel Nicolaus restated a “hold” rating and set a $18.00 target price (up from $14.00) on shares of Tailored Brands in a report on Thursday, September 8th. Finally, Johnson Rice upgraded shares of Tailored Brands from a “hold” rating to an “accumulate” rating in a report on Thursday, September 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $17.57.
About Tailored Brands
Tailored Brands, Inc is a holding company of The Men’s Wearhouse, Inc The Company is a specialty apparel retailer offering suits, suit separates, sport coats, slacks, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men and tuxedo and suit rental product. It operates through two segments: Retail and Corporate Apparel.
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